On Tuesday, news reports first began to surface that the UFC had struck a deal with FOX on a new multiyear agreement to move over to the network in 2012.

It appears now the two companies are just about ready to announce the deal.

It was released on Wednesday by John Ourand from Sports Business Daily that FOX executives were in Los Angeles for a press conference currently scheduled for Thursday that would be ‘one of the biggest announcements in FOX Sports history’.